Standard & Poor’s Ratings Services has agreed to pay $1.375 billion to settle lawsuits brought by the U.S. Department of Justice and 20 attorneys general around the country over the firm’s ratings work leading up to the financial crisis, a person familiar with the matter on Wednesday told Law360.
New York-based Shake Shack Inc. plans to serve up a larger initial public offering, boosting its per-share price on Wednesday to land as much as $95 million amid investor hunger for the growing fast-casual, ingredient-conscious hot dog and burger chain.
The tie-up of America’s second and third largest tobacco companies is one step closer as shareholders of both companies approved Camel cigarettes maker Reynolds American Inc.’s proposed $27.4 billion takeover of rival Lorillard Inc., maker of Newport cigarettes, the companies said Wednesday in separate statements.
Nissan Motor Co. is recalling nearly 640,000 sport utility vehicles after safety regulators discovered that water seepage in certain Nissan Rogues may cause electrical fires, and faulty latches in some of the automaker’s Infinitis and Pathfinders could make their hoods fly up unexpectedly.
A Delaware bankruptcy judge ruled Wednesday that the Chapter 11 of Caesars Entertainment Corp.'s operating arm will play out in Chicago, rejecting a move by creditors seeking to hold the high-stakes proceedings in the First State.
The U.S. Patent and Trademark Office released a list of examples Tuesday applying the U.S. Supreme Court's Alice decision to hypothetical patents, which attorneys say illustrates some of the computer-related inventions that can survive challenges under the ruling restricting the eligibility of patents involving abstract ideas.